Motor Insurance
From Open Risk Manual
Revision as of 15:35, 22 March 2021 by Wiki admin (talk | contribs)
Definition
Motor Insurance (also Car, Auto or Vehicle Insurance) is a widely used class of insurance product (policy) whereby an insured person (policy holder), in exchange for an insurance premium paid regularly obtains a promise by an insurer to cover specified amounts covering a covered vehicles damages
Solvency II
For Solvency II purposes motor insurance falls under the non-life category
